Thursday, February 19, 2015

Bank NIfty H&S

Bank Nifty Spot Hourly Chart
Above is Bank Nifty hourly Chart . A Probable Head & Shoulder is witnessed. Along with it a channel breakdown is also shown. Neckline of  h&s  is at 18300, break below that level will confirm downward move. while on upside if it is able to sustain above 19600 with good volume than only its uptrend will get confirm. One should remain cautious  while Trading in bank nifty & follow levels.

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